July 24, 2017 11:17 AM ET

Media

Company Overview of Discovery Communications, LLC

Company Overview

Discovery Communications, LLC operates television broadcasting stations. The company was incorporated in 1991 and is based in Silver Spring, Maryland. Discovery Communications, LLC operates as a subsidiary of Discovery Communications Holding, LLC.

1 Discovery Place

Silver Spring, MD 20910

United States

Founded in 1991

Phone:

240-662-2000

Fax:

240-662-1868

Key Executives for Discovery Communications, LLC

Chief Financial Officer and Senior Executive Vice President
Age: 51
CEO of Discovery Communications Holding LLC and President of Discovery Communications Holding LLC
Age: 57
Chief Accounting Officer
Age: 55
Chief Technology Officer
Chief Development, Distribution & Legal Officer
Age: 50
Compensation as of Fiscal Year 2017.

Discovery Communications, LLC Key Developments

Discovery Communications LLC Prices $600 Million Debt Offering

Discovery Communications LLC priced its cash tender offer of up to $600 million of its 5.050% senior notes due 2020, along with its 5.625% senior notes due 2019. The 2020 notes have a yield of 1.655%, a total consideration of $1,082.84 and the accepted principal amount of about $511.1 million. The 2019 notes, having a yield of 1.372% and a total consideration of $1,085.78, have an accepted principal amount of about $88.9 million. The consideration for the notes is payable to holders of notes who validly tendered and did not validly withdraw their notes on March 13 and whose notes are accepted for purchase. The total consideration of the notes includes an early tender premium of $30 per $1,000 principal amount of notes validly tendered and not validly withdrawn by such holders and accepted for purchase. The settlement of the tender offer was conditional upon receipt of at least $650 million of gross cash proceeds from the issuance of senior notes in a registered public offering, which was satisfied March 13.

Liberty Global plc Renews Distribution Agreement with Discovery Communications

Liberty Global plc renewed its distribution agreement with Discovery Communications Inc. The deal secures continued access to Discovery Communications' portfolio of networks for Liberty Global customers across 12 European countries. Starting in 2018, the multiplatform deal also includes digital rights, allowing subscribers to access the programming on multiple screens via Liberty Global's broadband companies, including UPC, Virgin Media Inc., Ziggo N.V., Telenet and Unitymedia. Users will also be able to watch coverage of the Olympic Games. The 12 European countries are Austria, Belgium, Czech Republic, Germany, Hungary, Ireland, Poland, Romania, Netherlands, Slovakia, Switzerland and the U.K.

Discovery Communications, LLC and Discovery Communications, Inc. Enter into Amended and Restated Credit Agreement

On February 4, 2016, Discovery Communications, LLC (DCL), certain wholly-owned subsidiaries of DCL (each a Designated Borrower and, together with DCL, the Borrowers), Discovery Communications, Inc. (Discovery), as Facility Guarantor, the lenders from time to time party thereto (the Lenders) and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer (in its capacity as administrative agent, the Administrative Agent) entered into the Amended and Restated Credit Agreement, which amended and restated that certain Credit Agreement, dated as of June 20, 2014, among the Borrowers, Discovery, certain of the Lenders and the Administrative Agent.

Similar Private Companies By Industry

Company Name Region
"It" Girl Public Relations United States
+SmithGifford, Inc. United States
.TV Technologies, Inc. United States
@International Services, Inc. United States
1 Chronicles 14, L.P. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Discovery Communications, LLC, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.